Title: "Data Patterns: Triple Bottom Breakout with Institutional Support"
Stock: Data Patterns
Analysis:
Data Patterns has recently given a Triple Bottom Breakout, signaling a potential trend reversal after a period of consolidation. Institutional support remains strong, despite a correction following slightly weaker previous quarter financials.
Key Highlights:
Mutual Fund Holdings: Increased from 6.14% to 6.48% in the Sep 2024 quarter.
FII Holdings: Remain robust, showcasing consistent confidence in the stock.
Correction Complete: The stock corrected earlier due to weaker financial results but now appears to be resuming its upward trajectory.
Technical Setup:
Pattern: Triple bottom breakout on the daily chart.
Support: Established around the breakout level, providing a strong base.
Momentum: Watch for increased volume to confirm the breakout.
Trade Plan:
Entry: Post-breakout confirmation above current levels.
Target: Short-term target at ₹1520; mid-term target at ₹1600.
Stop Loss: Below ₹1400 to manage risk.
Disclaimer:
This analysis is for educational and informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment decisions.
Stock: Data Patterns
Analysis:
Data Patterns has recently given a Triple Bottom Breakout, signaling a potential trend reversal after a period of consolidation. Institutional support remains strong, despite a correction following slightly weaker previous quarter financials.
Key Highlights:
Mutual Fund Holdings: Increased from 6.14% to 6.48% in the Sep 2024 quarter.
FII Holdings: Remain robust, showcasing consistent confidence in the stock.
Correction Complete: The stock corrected earlier due to weaker financial results but now appears to be resuming its upward trajectory.
Technical Setup:
Pattern: Triple bottom breakout on the daily chart.
Support: Established around the breakout level, providing a strong base.
Momentum: Watch for increased volume to confirm the breakout.
Trade Plan:
Entry: Post-breakout confirmation above current levels.
Target: Short-term target at ₹1520; mid-term target at ₹1600.
Stop Loss: Below ₹1400 to manage risk.
Disclaimer:
This analysis is for educational and informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment decisions.
Trade aktif
activeCatatan
Ignore typing mistake in the above. Trade Plan:
Entry: Post-breakout confirmation above current levels.
Target: Short-term target at ₹2750; mid-term target at ₹3000
Stop Loss: Below ₹2400 to manage risk.
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Learn, Profit & Share
Join FREE Telegram channel: t.me/learnprofitshare
Ask Question on Twitter I research and reply: x.com/LearnPShare
Subscribe Youtube channel 4 FREE learning:
youtube.com/@learnprofitshare
Join FREE Telegram channel: t.me/learnprofitshare
Ask Question on Twitter I research and reply: x.com/LearnPShare
Subscribe Youtube channel 4 FREE learning:
youtube.com/@learnprofitshare
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.